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Well looks like Armada has sold the store. What a stupid agreement Armada sells all its royalties into the future so how is this stock going to rise from the ashes. The first chance and I am out of this Lemon.
OTCBB stock brokers are all a scam I placed a trade for 10,000 shares at 0.18 and I got only 6,000 shares filled and since I had 4,000 left to buy they would not show my bid but dropped it to 0.1602 and it traded there an a little higher. You have to show a bid of 5,000 shares when the price drops below 0.20 cents or it will not get posted. A broker can sell you 200 shares and then get you down to 4800 shares left and then you will not get anymore shares and stock will trade on down lower it all depends on the traders I believe NITE is the one is doing this and could be others it seems they do what they won't to. even Ameritrade agreed with me.
Let us not forget that the Oklahoma ML is not the only formation in Garfield county that produces oil. The Woodford shale below the ML is better as mention here by Screaming Eagle and also there is another formation just below 10,000 feet that some companies are producing oil from and Armada drilled a vertical well 7,500 feet and had a Logging company log it for information but they never logged a well past 10,000 feet. So there is a potential oil producing formation vertical well that can produce oil on a profitable basis below 10,000 ft. I forgot how much oil it produced about 100 barrels per day as I remember. Remember Mesa was producing 360 Barrels Oil daily and had 83 million shares out there Armada has 53 million shares and producing 550 Barrels oil per day and gaining production. So the company has 30 million shares or less to put up for financing we have to wait and see about that. IMO
Armada oil is setting on 500 million to 1 billion dollars estimated on the LA property of potential oil & gas reserves. This stock is a bargain at 0.16 cents anyway you cut it. Armada has not drilled one new well in LA since they bought the property this stock is better than the dice tables in Las Vegas. I am thinking about trying to buying 50,000 more shares at 0.16 or lower.IMO
I think NITE trading is the one that is effecting Armada Stock price they are nearly always on top on the buy and sell orders. IMO
Price of natural gas up to $4.42 this morning good for Armada Oil and shareholders. If the two wells come in at 100 barrels per day for both of them it will be good anything over that will be great. If Armada can get production up to 1,000 barrels per day I will not worry about them going broke or chapter 7 or chapter 11 and it depends on price of oil and the market. IMO
Is this insider selling someone knows something stock has gone to low for the potential of the company. we will soon know.
I agree someone is trying to manipulate AOIL stock by selling 40 shares at $ 0.1613 this is pure manipulation if it were 10,000 shares being sold or offered probably not. If you put in a order of 200, 300, 500 or 1,000 shares at buy or sell trying to get the stock up or down on a regular basis the sec and you broker will call you out on that. I know I been there. I notice Norse Energy has a law suite against New York state to allow them to start fracking oil and gas wells. New York state is the only state that does not allow fracking and it has put a lot of small energy companies out of business as well as hurting land owners remember we have 28 gas wells on 3500 acres in Wyoming county New York and Armada does vertical fracking on shallow wells from 800 feet to 2600 feet deep. The natural gas flow increases 2 or more times when Armada recompletes a well there. We have only done 2 wells before New York stopped us. Natural Gas up to $ 4.28 today on 1,000 Cubit feet and the company that started to drill deep natural gas on our land in LA some 16,000 to 18,000 feet probably will come back and do it now since gas prices are up. I will tell you about the possible Uranium boom coming after December 30,2013 when Putin stops selling us old Uranium bombs that have fueled our Nuclear Reactors on a contract that has lasted 20 years. The contract will be up and Putin don't like us and they say he will not renew this contract and there will not be enough Uranium and blackouts may occur. IMO
Armada Oil we know is now trying to recomplete two Oil wells in LA before end of year. I think the lenders won't to see how much oil they can get out of these two recompletions before going forward on a loan. If Armada gets 150 barrels out of these two wells that will be great news for us. that will give us 700 barrels per day total. Also natural Gas is now $ 4.15 per 1,000 CF and the prediction is for prices to rise to $.4.50 to 5.00 per 1,000 CF by next summer also several companies have applied for permit to export natural gas from USA to other countries but of course Obama trying to delay that like everything else he does. also remember we have 56 drill sites already laid out in LA and I believe all of our Land in LA is proven land to drill on. I had rather drill a new 12,000 foot well in LA for 1.5 million and bring in a well making 200 to 300 BOE per day and the natural gas which will be produced than to spend 3.5 million in Oklahoma on a H well in Oklahoma that might not pay out for a long time. I should have bought PLUG or BLDP a couple months ago now the price has tripled. Armada is a great buy right now at this price we may never get another chance to buy it again at this price Some guy is predicting $ 500 per barrel oil in the next 3 years.
Armada should never drill another H well in Garfield county Oklahoma until they have 1,000 BOE production in LA because it is not as good as some might think. They have since Feb 1 2012 to September of this year only completed 86 wells in Garfield county and one H well came in at 156 BOE per day and after 7 months was only producing 50 BOE per day. Some drillers had trouble with the hard rock and ruined the diamond drill bit. One well came in at 41 BOE per day. You go to Google and put in Oil & gas wells in Garfield County Oklahoma and read the forum the people talk about the wells drilled on their land and so on and it will educate you Yes some of the wells might be ok but their is risk involved in drilling wells some companies drilled a well and took off and the land owners never seen them again. I own a ton of stock in this company and I do not won't them to make any more bad mistakes so I say Randy stay in LA and drill until you have 1,000 BOE per day production. The price of Natural Gas went above $4.00 per 1,000 CF and that is good for us. I am hoping for the best for all of us.IMO
Armada oil was to put out a PR the last of November as I remember Randy Griffin said about a financial deal to start drilling on 2 or 3 different leases. well that has not happened which leads me to believe the deal may not happen. The last six months ending this December the company has done nothing but set on their buts and draw pay and not 1 recompletion or well has been drilled. This company is a lemon unless you can wait 5 years more and maybe they might get lucky but as of now they have no luck or clue what they won't to do or can do.IMO
Regarding Armada stock I am the one who got the 19,300 shares at 0.21 because I had a buy order for 20,000 shares at 0.21 and I got them all as I know you can get all you won't at 0.21. The company is talking about cutting overhead expense and that is a good thing. I am on both sides of buying and selling I am a trader. Warren Buffet and George Soros do the same thing only on a larger scale.
Yeah I admit I made a mistake I was thinking about the last quarter on Armada, sorry about that. I have got 90 thousand shares for sale at .025 and 0.26 today I am trying to drive the stock down. I also have a buy orders to buy at 0.201 and 0.2001 this is a free market and I can do what I won't to do this is my money so don't come back and tell me what I should do.
Well I see the company posted their 10Q for the quarter ending in September 2013 and it does not look good. we may have a long wait as they lost 07 cents per share. that's all I am going to say.IMO
Armada oil has wasted nearly 4 months by not going ahead and recompleting oil wells in LA out of cash flow. they would have produced another 200 barrels of oil more or less in my opinion which would put them at 750 BOE per day of oil production and this income would produce enough to drill a well on the Wyoming property starting in June 2014. Oil prices are predicted to drop as low as 75 dollars per barrel if some sanctions are lifted on Iran. We need the company to start bringing in more wells that's the only way the stock price will rise. I do not agree with their thinking.IMO
Armada will not be drilling in Wyoming until June or July of next year The last PR tells me that. They will be drilling in LA and the ML Lime in Oklahoma. Probable the most the Oklahoma well would produce would be 350 BOE per day or less. A new well in LA about 260 BOE per day or less. I believe they will try to bring production up to 1,000 to 1200 BOE per day before drilling in Wyoming. I don't think they will be drilling in Wyoming in the winter. IMO
Armada stock is not trading now because the whole OCTBB is out of order. I notice a lot of other over the counter bulletin board stocks show no bid or offer. maybe they get it fixed soon.
I believe the stock brokers are trying to run this stock up or down today. My bids showing on Armada are 17 bid and .035 offered both of my trading. I am trying to buy another 40,000 shares today I don't know if I will get any.
The company will not announce their new financing until after the 3rd quarter earnings report. I believe the company wont's to show the lender that they are making money off the production they now have this will make a better case for them. I expect their earnings will be favorable. IMO
Armada oil has a sell on their property in Young county Texas stripper wells and 360 acres in Gonzales County in the Eagle ford formation. when Armada bought the property in the Eagle Ford shale formation before the merger with Mesa I think they gave either 1.6 million or 1.3 million for the Lease property. I hope they can get that much for it when sold. I think this is right.
I talked with randy griffin this morning and he told me everything was ok it was business as usual. they are talking to a couple of people or other companies about a business agreement or deal and he could not disclose what it was about. He did say Armada would release a PR in about 2 weeks That's all I know and I am a buyer at 0.20 or below. I decided not to sell any of my stock.
Armada oil will drop back to the 0.15 to 0.17 level if no good PR is forthcoming. The company management is bad. The merger with Mesa was a big gamble for Mesa and its shareholders and we may loose all because of it I have been selling my stock and over three months and no PR that's a good sign things are bad. Chapter 11 is looking closer if the next well is dry. IMO
Armada oil will have a PR out before Oct 9th I believe. in looking over the 2nd quarter report I find the survey of their land in Wyoming cost 1.3 million dollars and that has all been paid according to the 2nd quarter report. Winter is coming on and I am sure they would like to start on this well in Wyoming before it gets to cold. I was surprised to find how cheap it is to recomplete a well in LA from 10,000 dollars to 30,000 dollars. I believe the last 3 months of waiting will pay off for us. we must remember that leasing a drilling rig for drilling a well sometimes they have to wait a while before a drilling rig is available. IMO
Armada stock is going south because the company has no good news to report. the longer no PR the further it drops. But I am buying a lot of stock at .027 and lower. It is a 50 50 bet on this stock.IMO
Randy Griffin of Armada oil said on July 9 they were planning more recompletions in LA and they would announce that very soon. well I don't call over two months very soon. this does not set well with me. sorry but that's the way I see it. I don't think they even have a geologist employed regularly on their staff.
It has been nearly 2 months since Armada has put out a PR about anything. I know that you have to keep drilling because each month you production goes down a little in any field. evidently they have found no one to partner with them in Oklahoma lime or Wyoming as yet. We may get a PR by Christmas this stock is ok if you have a lots of patience but if the next well in Oklahoma or Wyoming is a dry hole then it is 6 months before this stocks moves unless they find a partner.IMO
Does Armada oil receive they money off oil & Gas sales every month, two weeks or every week anyone know. Also I haven't seen second quarter financials they must have got a extension from SEC.
Armada oil should have made 2 million in profit From July 1 to Sept 1st provided all their bills are behind them. they are letting their money build up and trying to find a partner for the Oklahoma or Wyoming horizontal well. It would be nice if they could get a partner at least for the first well. I sold 35,000 shares two or 3 weeks ago and made money. I still got around 200,000 shares left but I am in no hurry to sell. in fact I got order in to buy 30,000 at 0.26 just for the heck of it. May buy more.
Armada Oil has a long struggle to stay in business. I have seen a lot of small oil companies go under because they have plenty of land to drill on but no money to drill. Mesa should not have done a merger with Armada all Randy Griffin did was to bail out Armada with Mesa money. They told us how everything would be better if they did a merger it has not happened. I told you Armada Had to produce 800 to 900 Barrels of Oil from LA field daily before they should do anything and that does not mean natural gas. I thought the company had better management but apparently they have bad management I have thrown in the towel on this company. Armada should have had double the cash in the bank before they drilled the Oklahoma well I am talking about the cost of the Oklahoma well. I know it was the drilling rig that failed. They spent a lot of money on the merger. We do not know that the next well will come in or be a dry hole. in the last 36 days they could have recompleted 3 more wells in LA costing very little but they did not have the money to do that. I will be selling all my stock around 0.32 and try to break even. I am going to invest in a company that has big thorium reserves A thorium reactor to produce electricity instead of a Nuclear reactor only 1/10 of the cost of nuclear reactor much safer this is coming.
Everyone is waiting for the PR on Armada to come out by Thursday Armada always seems to wait till the last 2 days to release their PR on 2nd quarter earnings. I have no sell orders in and no one can borrow my stock as I am in cash position with both of my brokers. We need some positive news. Someone caused this stock to drop 0.0278 by selling only 200 shares of stock at the bid price.
Armada oil in finally beginning to move as the PR by the 15th of August is near. in the mean time I sold today and yesterday some 23,000 shares and made 1200 dollars. I still have plenty of shares. I don't just buy and hold. I won't sell anymore until PR is out. I had orders put back in to buy more shares at a lower price of course. Go Armada.
Armada authorized shares on their web page is 100,000,000 million shares that what I saw.
Armada earnings report will be out within 2 weeks for their second quarter. I guess we can learn something from that. wonder if they sell any shares at .30 cents say 10 million to pay for drilling in Wyoming just a thought. I am not selling here at this price my average price here is .032 cents.
Ask price for armada 0.48 on TD Ameritrade put 5,000 for sale at 0.47 so what is up for this stock.
shorting Armada stock at this price is not a good bet in my opinion if 90% of yesterdays sales were short than someone is betting big time that this stock is going to fall further. I see a vertical well in Wyoming in the Niobrara costing about 2 million. A vertical well in LA would cost more because it is 12,000 feet and in Wyoming about 7,000 feet. I look for a PR by August 1st.IMO
Is everybody jumping off the Armada ship here. Anyone selling at these prices here are probably taking a loss. Also you might be right maybe you can buy it back at 0.17 who knows I am looking at long term six months out thinks may be different. I wish you good luck I am holding all of mine not selling will buy more if it goes down below 0.20 and no bad news. keep on trucking.
In looking at Armada web page I have noticed their report saying that a horizontal well in Wyoming cost 4.5 million dollars and there is 3 productive zones in the Niobrara shale. the way the company talks they might drill a original ordinary well straight down and tap the best producing zone that would cost around 2 million dollars but it might produce 2 to 3 hundred barrels per day and that would be ok. I am just guessing on the production part. some other companies might be doing that to get started. this would be ok with me. they might just do that. I feel that the company has been discussing the next step and that's why it has been quiet lately. Randy said they would announce something soon. the price of oil is straying strong. I think a PR will come before the 1st of August.IMO
When the merger took place Armada gave some company or someone I remember a option for 5 years to buy Armada at .075 per share. Also in the incorporated papers of Mesa is where I saw this quote it has been a long time ago. I don't believe it was in a PR.IMO
Looks like Armada Oil is heading towards 0.20 if a PR is not forthcoming very soon and remember the company will not hesitate to dilute the stock if they need money. The stockholders deserve better It is decision time for the company. a good PR would sure help.IMO
Account of short trading in Armada I had my account changed to cash account at Ameritrade. Kyle told me they then would not use my shares in AOIL to be loaned out. on a margin account they can. so you were right thanks. Oil goes up 15 to 20 dollars and AOIL drops go figure that out. If this company did not have bad luck they would not have no luck at all.